The horizons have dramatically darkened for what was once a bright light in the solar photovoltaic (PV) market. AstroPower, which has been plagued by financial difficulty since early last year, has filed for bankruptcy and reached an agreement to sell "certain" of its U.S. business assets to industrial heavyweight, GE Energy.

"We anticipate that the proceeds will be sufficient to allow at least a modest return to the Company's unsecured creditors, although it is unlikely that there will be any return to the Company's shareholders." - Carl H. Young III, interim CEO of AstroPower